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Antalya Surpassed Istanbul in
Housing Sales to Foreigners in Turkey

Antalya surpassed the mega-city Istanbul after 68 months in real estate sales to foreigners in Turkey and saw the peak on a monthly basis.

 

Antalya has surpassed the mega-city Istanbul after 68 months in real estate sales to foreigners. According to the data compiled from TUIK statistics, house sales to foreigners in Turkey decreased by 12.4% in July compared to the same period of 2022, due to the effect of the holiday, and amounted to 3,939 houses.

 

When the first 7 months are taken as a basis, a serious increase was recorded in the real estate investment by foreigners in Turkey.

 

In the January-July period, real estate sales to foreigners increased by 57.4% on an annual basis and became 39,322 houses.

 

 

In the January-July period, the highest number of housing sales to foreigners was made in the megacity Istanbul with 16,049 units, followed by Antalya with 11,257 units. Mersin, Ankara and Bursa were also among the top 5 places in the housing sale to foreigners in Turkey.

In the 7 months of 2022, it was determined that the most housing investment in Turkey was made by the Russians.

The number of purchased properties by Russian citizens from Turkey increased by 223.4% on an annual basis in the January-July period and became 6,877 units.

Russians were followed by Iranians by buying 5,315 units, Iraq citizens by buying 4,405 units, and Kazakhstan by buying 1,607 units.

 

While the number of purchased properties by German investors was 1,577 and Ukrainians bought 1,352; Citizens of Afghanistan, Yemen, Kuwait and China were also among the top 10 Turkish real estate investors.

 

Considering the real estate sales data for July 2022, Antalya was one of the provinces where foreigners bought the most housing last month, with 1,421 units. Antalya surpassed the mega-city Istanbul after 68 months and reached the top.

 

It was determined that the house sales to foreigners in Antalya increased by 129% in 7 months compared to the same period of 2021 and reached 11,257 units.

 

Residential Real Estate Purchases by Foreigners Increased in July 2022

 

Foreigners' interest in Turkey continues rapidly. There are serious increases in housing investments, especially by Russians. In addition to Russians and Ukrainians, citizens of Scandinavian countries also buy property in Antalya.

 

 

 

There is a serious interest in Antalya from the Nordic countries because it fits the European lifestyle, is warm and economical, and this interest places the city in the first place in real estate sales to foreigners.

 

The high interest of Russians and Iranians continues. Due to the summer, there is an increase in the purchases of foreigners.

It is considered that the sales numbers will increase again as of August and will break a record by the end of 2022.

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